Irregularities drive
By Maggie Zhang |
April 21, 2010, Wednesday
|
Print Edition
Print Edition
THE Shanghai Bureau of the China Banking Regulatory Commission has gone all out to drive out irregularities on loans to the investment arm of the Shanghai government.
The local banking regulator has teamed up with the Shanghai government to make a list of the government-backed investment companies and introduce a set criteria for such firms to get credit.
The banking regulator has checked credit to more than 310 government-backed companies to curb irregularities.
A special team was also set up to facilitate the work.
The local banking regulator has teamed up with the Shanghai government to make a list of the government-backed investment companies and introduce a set criteria for such firms to get credit.
The banking regulator has checked credit to more than 310 government-backed companies to curb irregularities.
A special team was also set up to facilitate the work.
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